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Dividend Information

Basic policy for distribution of profits and dividends in the current and coming year

Akebono Brake considers the distribution of profits to our shareholders as one of its most important management issues. Our basic policy is to maintain a stable level of dividends over the long term while also taking into consideration our Company's business performance, dividend payout ratio, and the level of retained earnings necessary to be able to make investments to ensure our continued growth. However, the serious deterioration in earnings of our United States operations during the current term has damaged our Group's shareholders' equity, and we will be forced to forgo payment of any dividends in light of these conditions during the current term. We have fully devoted our management resources to rebuilding our North American business, but we do not expect profitability to be achieved until 2017 and therefore expect to forgo payment of dividends in the coming term as well.


  FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Dividend per share(Yen) 10.00 10.00 10.00 10.00 0.00 0.00
Semiannual (Yen)
5.00 5.00 5.00 5.00 0.00 0.00
Year-end (Yen)
5.00 5.00 5.00 5.00 0.00 0.00
Dividend ratio - 256.3% 54.8% - - -